Why Google’s Soaring Stock Is Defying Fears of an AI Bubble

Someone forgot to tell Google about the whole “AI bubble” thing.

In a brutal month for tech stocks—especially those closely associated with the artificial-intelligence race—the internet-search giant has solidly bucked the trend. Parent company Alphabet’s GOOGL 6.31%increase; green up pointing triangle stock has jumped around 16% since the Nasdaq peaked on Oct. 29, adding to a run that began in early September when the company won a court ruling that effectively ended worries about a government-imposed breakup.